Goodman Group – Buy Signal “High Conviction”

Goodman is under Algo Engine buy conditions and is among the best-performing stocks within our ASX 100 model portfolio.

The company announced FY19 profit of $942m, up 11% on EPS of $0.51. The Group is forecasting FY20 operating profit of $1,040m, up 10% on $0.56 EPS.

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We continue to like the REIT sector as a defensive allocation. Our preference remains GPT & GMG.

Buy GMG $13.50 

 

 

 

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